Hundsun(SH:600570) Jin Rong Jie·2025-06-26 00:24Group 1 - The popularity of stablecoin-related stocks remains high in both A and H share markets, with significant price increases observed for companies such as OSL Group, Hengsheng Electronics, and others [1] - Guotai Junan International Holdings has received approval from the Hong Kong Securities and Futures Commission to upgrade its existing securities trading license to provide virtual asset trading services, allowing direct trading of cryptocurrencies and stablecoins on its platform [1] - The People's Bank of China and the Hong Kong Monetary Authority have launched a cross-border payment system, enhancing online payment capabilities between mainland China and Hong Kong [1] Group 2 - Stablecoins bridge the gap between traditional financial systems and the cryptocurrency ecosystem, enhancing transaction stability and cross-border payment capabilities [2] - The emergence of stablecoins is not intended to replace fiat currencies but to provide a digital and efficient means of cross-border circulation, posing challenges such as the blurring of sovereign currency boundaries [2] - With the introduction of stablecoin regulations in Hong Kong and the U.S., regulatory clarity is expected to accelerate the development of the stablecoin industry, benefiting compliant issuers [2] - Companies like Hengsheng Electronics, Sifang Chuangxin, and Lakala are strategically positioning themselves in the stablecoin sector through technology and service offerings [2]